Fast Retailing (9983) - Now At Double Downweight Levels

Travis has highlighted this Insight as a Top Pick
1k Views18 Mar 2024 08:45
Fast Retailing now at "double downweight" levels at Friday close and Monday AM, probably based on BOJ news bullishness. At current price, US$5bn to sell. One-third of Max RWF. But PATH RISK ABOUNDS.
Boomeranged on Wed, 27 Mar 2024 12:24
Now clearly into double-sell territory but nota bene: A double sell only works for the first couple of %, then we're back into single-sell territory. The rise in the Nikkei and 9983 stock now puts it at 46x consensus Aug24 EPS. April 11 is earnings, but if it were to pop 5% that would put it at 48-49x EPS which, despite growth, is a bit rich for fundamental LOs to feel FOMO. Friday is a big sell.
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